This morning Maureen Cavanaugh and the staff at KPBS were nice enough to include me on their radio show, “These Days”. They will have the full transcript later today or tomorrow at their website: Link to KPBS website
Here’s how it looked to Jim TV:
Thanks to those who listened, and to shadash for calling in!
I work for KPBS and a reader of your blog. I believe the homes that are next to KPBS are owned by the San Diego State Research Foundation. I believe they are holding on to them for future SDSU buildings. Good to hear you on KPBS.
CalculatedRisk wrote on Mon, 7/26/2010 – 3:08 pm
I think prices in San Diego are absurd except at the bottom.
I learned two things:
1. If you buy a condo you may not be able to refinance when you want to.
2. Everyone except JtR seems to think that high prices are good for real estate. They seem to have short memories.
Thanks for the video. I listen to kpbs all the time and now I can visualize what it looks like inside the studio.
PS. I can hear an ice cream truck in Bressi Ranch!
Hey Jim–Conrtats on the radio gig!!! I agree with the SDSU rentals–We owned alot of property in 92115 back a while ago and had a lotta fun doing it. The best of the bunch was an 11 bedroom 6 bath house on Alumni Place–The problem with renting those now is the “Mini-Dorm” ordinances!
Listened to the program on-line. Once again your opinions are right on from where I sit. Lots of inventory, but most of it is so over priced it might as well not be listed, and then a small percentage that’s well priced that people are competing for.
How about a run of “there’s nothing price won’t fix” bumper stickers? I promise I won’t deface any For Sale signs.
3clicks, LOL.
Interesting flick JtR.
Nice work JTR. While the other guy talked a lot more, he really didn’t say much of anything specific (typical professor type). You slipped in more detail and facts.
Great job Jim.
Did you make the mortgage broker wince at all? I think I heard a wince when he said “when the spread between what the seller is willing to take and the buyer is willing to pay closes….”. And I definately heard a groan when that caller waved the missing paperwork monster at him.
I really wish there was a way to find out what the shadow inventory amount really is.
Joyce should have w/drawn her short sale offer and reduced the price of her offer. She’s bothered b/c she missed out on the tax credits. Doesn’t she know that the incentives just succeeded in raising the price of the place. What can be done? Lower the price of the offer.
More people need to be aggressive and not victims. If there are no buyers willing to buy overpriced properties, the prices will have to come down eventually. The buyers can rent and wait until they find something suitable.
Here’s the street view of the sky blue house before it was painted:
http://maps.google.com/maps?f=q&source=s_q&hl=en&geocode=&q=5258+Rincon+St,+San+Diego,+CA,&sll=32.774042,-117.062083&sspn=0.006657,0.009538&ie=UTF8&hq=&hnear=5258+Rincon+St,+San+Diego,+California+92120&ll=32.774141,-117.06218&spn=0.006621,0.009538&z=17&layer=c&cbll=32.774043,-117.062085&panoid=nb6lvmC_nvqzg01EYREVAA&cbp=12,57.93,,0,22.92
Great radio voice JtR!
Case-Shiller projection on http://www.ritholtz.com.
http://www.ritholtz.com/blog/2010/07/updating-the-case-shiller-100-chart-forecast/